Royal Caribbean: Q3 Earnings Snapshot

MIAMI (AP) — MIAMI (AP) — Royal Caribbean Cruises Ltd. (RCL) on Tuesday reported third-quarter profit of $1.73 billion.

On a per-share basis, the Miami-based company said it had net income of $6.45. Earnings, adjusted to extinguish debt and for restructuring costs, were $6.57 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $6.38 per share.

The cruise operator posted revenue of $5.59 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $5.58 billion.

For the current quarter ending in December, Royal Caribbean expects its per-share earnings to range from $3.48 to $3.58.

The company expects full-year earnings in the range of $17.85 to $17.95 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RCL at https://www.zacks.com/ap/RCL